A pension fund buying HYPE makes for an easy headline. First, let’s see what the filing actually says.
On November 13, the Healthcare of Ontario Pension Plan (HOOPP) filed its third-quarter 13F holdings report with the U.S. Securities and Exchange Commission. TokenPost subsequently reported, based on the filing, that as of September 30 this year, the institution held 2.8793 million shares of Hyperliquid Strategies, a Nasdaq-listed company, worth approximately $35.33 million. The company did not appear in its June 30 report. Hyperliquid Strategies is a publicly traded company that holds HYPE as its primary reserve asset. The filing lists only shares in the company; it does not say when they were purchased or at what cost, disclose whether HOOPP still held them after September 30, or say whether the pension fund directly holds HYPE.
It sounds like a major institution has already started allocating to HYPE. But let’s separate the asset from the date: the purchase was of shares in this company, and the reported holdings are as of the end of September—not now.
The next quarterly holdings report, for December 31, is expected around mid-February next year. If those shares are no longer listed then, or the fund officially clarifies that they were held temporarily and have already been sold, the interpretation that the pension fund is allocating to HYPE would no longer hold.
$HYPE
#HYPE #Hyperliquid #Cryptocurrency
On November 13, the Healthcare of Ontario Pension Plan (HOOPP) filed its third-quarter 13F holdings report with the U.S. Securities and Exchange Commission. TokenPost subsequently reported, based on the filing, that as of September 30 this year, the institution held 2.8793 million shares of Hyperliquid Strategies, a Nasdaq-listed company, worth approximately $35.33 million. The company did not appear in its June 30 report. Hyperliquid Strategies is a publicly traded company that holds HYPE as its primary reserve asset. The filing lists only shares in the company; it does not say when they were purchased or at what cost, disclose whether HOOPP still held them after September 30, or say whether the pension fund directly holds HYPE.
It sounds like a major institution has already started allocating to HYPE. But let’s separate the asset from the date: the purchase was of shares in this company, and the reported holdings are as of the end of September—not now.
The next quarterly holdings report, for December 31, is expected around mid-February next year. If those shares are no longer listed then, or the fund officially clarifies that they were held temporarily and have already been sold, the interpretation that the pension fund is allocating to HYPE would no longer hold.
$HYPE
#HYPE #Hyperliquid #Cryptocurrency
